Castrol India announces Q4 & FY 06 results, declares Rs.5 final dividend

Castrol India Ltd has announced the following Audited results for the quarter & year ended December 31, 2006:

The Company has posted a net profit after tax of Rs 380.80 million for the quarter ended December 31, 2006 as compared to Rs 317.60 million for the quarter ended December 31, 2005. Total Income (net of excise) has increased from Rs 3893.30 million for the quarter ended December 31, 2005 to Rs 4853.40 million for the quarter ended December 31, 2006.

The Company has posted a net profit after tax of Rs 1544.90 million for the year ended December 31, 2006 as compared to Rs 1468.10 million for the year ended December 31, 2005. Total Income (net of excise) has increased from Rs 14504.50 million for the year ended December 31, 2005 to Rs 17867.90 million for the year ended December 31, 2006.

Further the Company has informed that, the Board of Directors of the Company has recommended a Final Dividend of Rs 5.00 per share for the year ended December 31, 2006 (2005: Final Dividend Rs 4.25 per share) in addition to an Interim Dividend of Rs 4.00 per share (2005: Interim Dividend Rs 4.00 per share) paid in August 2006, both aggregating to Rs 9.00 per share (2005: Rs. 8.25 per share).

Source : Equity Bulls

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